Home » Business » BancoBPM Performance Surges on Strategic Partnership in Digital Payments Sector

BancoBPM Performance Surges on Strategic Partnership in Digital Payments Sector

Il BancoBPM records one of the best performances of the day at the FTSEMib. At 13.00 the title earned 1.44% at 4.434 euros after fluctuating between a minimum of 4.4 euros and a maximum of 4.489 euros.

The institute, the BCC Iccrea Group and FSI have signed a binding agreement for the establishment of a strategic partnership aimed at developing a new Italian and independent company in the digital payments sector. For BancoBPM the total value of the operation is more than 2 billion euros, between upfront and running. Upon closing, the transaction will positively impact the fully loaded CET1 ratio by approximately 32 basis points; also considering any future price additions, the effect on the fully loaded CET1 ratio could rise up to around 50 basis points.

This text is written for informational purposes only, can be modified at any time and can NOT be considered a solicitation of public savings. The website does not guarantee the correctness and does not assume responsibility for the use of the information contained therein.

2023-07-17 11:04:00
#BancoBPM #among #FTSEMib

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.